Russia’s finance ministry switches to FX sales as energy revenues drop
By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s finance ministry said on Thursday it would switch to foreign currency sales from purchases in the coming weeks after December oil and gas…
Pirelli turns more cautious on revenues, but pricing power stays strong
MILAN (Reuters) -Tyremaker Pirelli nudged down its estimates for full year sales on Thursday to reflect forecasts for a weaker market, despite improving results in the second quarter which were supported by…
Cellnex’s first-half loss widens, revenues grow 18.4%
By Joan Faus BARCELONA (Reuters) -Spain’s Cellnex posted on Thursday a first-half net loss of 193 million euros ($215 million), 14% wider than a year ago, which Europe’s largest mobile phone tower…
Brazil to begin taxing sports betting, aiming to boost revenues
BRASILIA (Reuters) – Brazil’s government issued an executive order on Tuesday to initiate taxation on sports betting, in line with a measure announced by President Luiz Inacio Lula da Silva’s economic team…
German tax revenues drop sharply in June – Finance Minister
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments fell by 7.3% in June compared with the previous year, reflecting tax relief measures to compensate for inflation and a…
Russia’s Jan-April budget deficit hits $44 billion as energy revenues plunge
(Reuters) – Russia’s federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the finance ministry said on Wednesday, as Moscow continued to spend…
Gulf economies to grow at much slower pace in 2023 on lower oil revenues- Reuters poll
By Anant Chandak BENGALURU (Reuters) – Gulf Cooperation Council (GCC) economies will grow at a much slower pace in 2023 than last year as expectations for muted gains in crude prices and…
Cameroon aims to boost export revenues, rejoin AGOA – minister
WASHINGTON (Reuters) – Cameroon is working to boost export revenues to fend off a potential debt crisis and has relaunched talks with the U.S. to rejoin Washington’s flagship trade initiative with Africa,…
Irish tax revenues up 13% year-on-year at end-February
DUBLIN (Reuters) – Ireland collected 13% more tax in the first two months of the year than the same period in 2022, data from the finance department showed on Thursday, as income…
US imposes fresh sanctions to restrict North Korea’s revenues
By Kanishka Singh WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday imposed sanctions on individuals and companies that it accused of illicitly generating revenue for the government of North Korea. The…
Russia’s defence spending to climb as revenues shrink – German IW Institute
BERLIN (Reuters) -Russia is clearly developing into a war economy, with spending on defence increasing while state revenues shrink, the German Economic Institute IW said in a report on Thursday. Russia had…
Pirelli sees scope for higher 2023 revenues after strong results
(Reuters) – Italian tyremaker Pirelli said on Wednesday it expects revenues this year of some 6.6-6.8 billion euros, at least in line with the better-than-expected figure for 2022. Revenues at the group…
German state tax revenues up slightly in January – finance ministry
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments increased by 0.8% in January compared with the previous year, driven by higher sales taxes and wage taxes, the finance…
Nasdaq misses Q4 views as market tumult hits indexing revenues
(Reuters) – Transatlantic-exchange operator Nasdaq Inc reported fourth-quarter profits on Wednesday slightly below Wall Street estimates, as global economic uncertainty weighed on global asset values, dragging down indexing and initial public offering…
Intel’s Mobileye sees $17 billion in assisted-driving product revenues by 2030
(Reuters) -Intel Corp’s self-driving tech unit Mobileye Global Inc said on Thursday it sees more than $17 billion in revenues for its advanced driver assistance systems (ADAS) products by 2030. Jerusalem, Israel-based…
Greek Jan-Nov primary budget deficit beats target, tax revenues help
ATHENS (Reuters) -Greece’s central government reported a lower-than-expected primary budget deficit in the first 11 months of the year as tax revenues slightly beat initial estimates, finance ministry data showed on Thursday.…
Biden Admin Prepares To Kill Alaska Mine, Hobbling Green Agenda And Costing State Billions In Potential Revenues
Biden Admin Prepares To Kill Alaska Mine, Hobbling Green Agenda And Costing State Billions In Potential Revenues Jack McEvoy on December 2, 2022 The Environmental Protection Agency (EPA) recommended prohibiting the operators…
Colombia’s Grupo SURA posts near-stable Q3 profit as revenues, costs grow
(Reuters) – Net profit at Grupo SURA, Colombia’s largest investment company, stayed relatively stable in the third quarter compared to the year-ago period as both revenues and costs grew, the company said…
Portugal’s airline TAP turns to rare profit as revenues soar
LISBON (Reuters) – Portuguese airline TAP posted a rare net profit in the third quarter on Wednesday on strong revenue and helped by currency hedging, but said visibility for next year remained…
China’s Huawei slows its long decline under U.S. sanctions as revenues improve
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its ICT infrastructure business as it finds its…
Tourism revenues on the mend in Mediterranean countries
(Reuters) – Even if the number of visitors has still not quite recovered to pre-pandemic levels, Mediterranean countries are enjoying a much-needed boost as inflation and a strong sector recovery lift this…
German tax revenues fall in August for first time this year
BERLIN (Reuters) – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first time this year, the finance ministry said on Thursday. In its monthly report,…
UAE H1 tourism revenues top $5 billion – vice president
(Reuters) – The United Arab Emirates’ tourism revenues were 19 billion dirhams ($5.17 billion) in the first half of 2022, its vice president said on Sunday in a tweet. Numbers of hotel…
Canada records April-June budget surplus of C$10.2 billion on higher tax revenues
By Ismail Shakil OTTAWA, Aug 26 (Reuters) – Canada recorded a C$10.20 billion ($7.89 billion) budget surplus for the first three months of the 2022/23 fiscal year helped by higher tax revenues,…
U.S. July budget deficit down 30% as COVID spending falls, revenues edge up
WASHINGTON – The U.S. government posted a $211 billion budget deficit for July, a 30% drop from the $302 billion deficit reported in the same month last year, as receipts grew slightly…
Italy’s Fincantieri reports 16% growth in H1 revenues
MILAN – Italian shipbuilder Fincantieri reported on Tuesday 16% growth in revenues to 3.5 billion euros ($3.54 billion) in the first half of this year compared with the year-ago period, driven by…
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